Investments (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Investments [Abstract]

Schedule of Contractual Maturities of Investments

The contractual maturities of the Investments are summarized below (in thousands):

	March 31, 2025				December 31, 2024
	Available-for-Sale Investments				Held-to-Maturity Investments
	Amortized Cost Basis		Aggregate Fair Value		Amortized Cost Basis		Aggregate Fair Value
Due in one year or less(1)	$	156,097	$	156,150	$	165,466	$	165,662
Due after one year through five years		16,671		16,681		5,498		5,482
Total	$	172,768	$	172,831	$	170,964	$	171,144

___________________________

The investments due in one year or less include cash equivalents of $21.9 million as of March 31, 2025 and $14.7 million as of December 31, 2024.

Schedule of Fair Value of Investments

The fair value of the Investments are disclosed below (dollars in thousands):

	March 31, 2025
Available-for-Sale Investments	Investment Level	Amortized Cost (Carrying Value)			Gross Unrealized Holding Gains		Gross Unrealized Holding Losses			Estimated Fair Value
Money market funds and other	Level 1	$	17,332		$	—	$	—		$	17,332
Commercial bonds and paper	Level 2		55,528			35		(19	)		55,544
U.S. Treasury securities	Level 2		99,908			70		(23	)		99,955
Total cash equivalents and investments			172,768			105		(42	)		172,831
Less: cash equivalents			(21,921	)		—		—			(21,921	)
Total Investments		$	150,847		$	105	$	(42	)	$	150,910

	December 31, 2024
Available-for-Sale Investments	Investment Level	Amortized Cost (Carrying Value)			Gross Unrealized Holding Gains		Gross Unrealized Holding Losses			Estimated Fair Value
Money market funds	Level 1	$	14,745		$	—	$	—		$	14,745
Commercial bonds and paper	Level 2		44,145			49		(24	)		44,170
U.S. Treasury securities	Level 2		112,074			184		(29	)		112,229
Total cash equivalents and investments			170,964			233		(53	)		171,144
Less: cash equivalents			(14,745	)		—		—			(14,745	)
Total Investments		$	156,219		$	233	$	(53	)	$	156,399